A short and sweet post today – one table and a few bullet points.
Here are The Australian property markets rises and falls from 2005 to present.
- Of the past seventeen years thirteen years have been warm or hot markets and four have been cool markets.
- The longest up market was six years. The longest down market (so far) was one and a half years.
- Growth years have tallied up a total 151% gains. Declining years have reversed gains by 32%
I’ve lived through all of these cycles. Each time there’s plenty of folks declaring ‘it’s different/worse than previously. Then the upswing strikes and everyone piles back in.
When it comes to property, researching carefully, identifying quality and buying within your means at a time when others are fearful is a proven strategy for cooler markets. Move forward with the confidence that the next upswing is around the corner.